Matrixport, a leading digital assets financial services ecosystem, has announced the availability of Warm and Cold custody services for NFTs via its third-party institutional custody service, Cactus Custody.
This latest NFT asset management product enables institutions to manage and securely store their NFT and crypto assets in a single location.
The Cactus Custody NFT asset management product, which includes increased risk management tools, allows institutions to customize user access limits and whitelisting of decentralized application (dApp) smart contracts.
Only authorized NFT markets, DeFi, GameFi, SocialFi, and Web3 protocols will be able to interface with the platform’s wallets. This substantially minimizes the wallets’ sensitivity to any fraud, hacking, or phishing assaults.
The NFT Warm and Cold storage solutions are designed to provide consumers the best mix of security, scalability, and accessibility.
The warm storage solution enables the construction of different asset segregation business lines, smooth interfaces with various NFT markets via the Cactus Custody Defi Connector, and the provision of unique bank-grade vaults to preserve private keys.
As an extra layer of protection, the cold storage system employs a multi-sig technique in which private keys are kept offline in various bank-grade vaults spread over four nations and three continents.
Cactus Custody is Matrixport’s third-party institutional custody solution for miners, funds, projects, and businesses under custody. The NFT asset management solution is now accessible on the Cactus Custody platform at www.mycactus.com.
